Trump-$1.2 Billion In Core Business Losses

[francoHFW]

Whatever. The Republicans and Trump have nothing to worry about. Barr told us all about it. LOL

 

[Uncensored2008]

That isn't a "fluke".

That's right....the russian military spent plenty of perfectly good money and resources making it happen....

Fucking liar.

{ The investigation did not establish any agreement among Campaign officials
or between such officials and Russia-linked individuals to interfere with or obstruct a lawful
function of a government agency during the campaign or transition period. And, as discussed in
Volume 1, Section V.A, supra, the investigation did not identify evidence that any Campaign
official or associate knowingly and intentionally participated in the conspiracy to defraud that the
Office charged, namely, the active-measures conspiracy described in Volume 1, Section II, supra.
Accordingly, the Office did not charge any Campaign associate or other US. person with
conspiracy to defraud the United States based on the Russia-related contacts described in Section
IV above.}

 

[francoHFW]

The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve's failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels."[3]

According to the Department of Labor, roughly 8.7 million jobs (about 7%) were shed from February 2008 to February 2010, and real GDP contracted by 4.2% between Q4 2007 and Q2 2009, making the Great Recession the worst economic downturn since the Great Depression. The GDP bottom, or trough, was reached in the second quarter of 2009 (marking the technical end of the recession, defined as at least two consecutive quarters of declining GDP).[4] Real (inflation-adjusted) GDP did not regain its pre-crisis (Q4 2007) peak level until Q3 2011.[5] Unemployment rose from 4.7% in November 2007 to peak at 10% in October 2009, before returning steadily to 4.7% in May 2016.[6] The total number of jobs did not return to November 2007 levels until May 2014.[

Great Recession in the United States - Wikipedia

Democrats did not cause the recession and Trump has not delivered us this economy. As you can see here, under Trump unemployment has dropped just 1 percent and we are in his 3rd year.

So it was toxic mortgages that was the big problem. Wonder who lent the money and who borrowed? Lol!

Wonder who it happened under...?

Definitely another corrupt GOP bubble and bust...

 

[Toddsterpatriot]

And he still kicked the shit out of you progressives...

Yes, there are a lot of gullible and stupid people in this country. That is not news. You remind of this every time you post. But I think some of them have seen through the ruse...

Yes, there are a lot of gullible and stupid people in this country.

But enough about the Dem base.

Unfortunately for your trolling, the data shows that, the more educated one is, the more that one tends to vote democrat. But you would have to be educated to know that, so it's like a feedback loop, in your case.

the data shows that, the more educated one is,

Like AOC? She's really educated, eh?

Yes troll, exactly like one cherry picked example. You smart.

Maxine Waters......Brainiac?

 

[Uncensored2008]

Whatever. The Republicans and Trump have nothing to worry about. Barr told us all about it. LOL

You Stalinists have a LOT to worry about.

DOJ inspector general 'homing in on' FBI’s use of unverified Steele dossier

 

[Papageorgio]

The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve's failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels."[3]

According to the Department of Labor, roughly 8.7 million jobs (about 7%) were shed from February 2008 to February 2010, and real GDP contracted by 4.2% between Q4 2007 and Q2 2009, making the Great Recession the worst economic downturn since the Great Depression. The GDP bottom, or trough, was reached in the second quarter of 2009 (marking the technical end of the recession, defined as at least two consecutive quarters of declining GDP).[4] Real (inflation-adjusted) GDP did not regain its pre-crisis (Q4 2007) peak level until Q3 2011.[5] Unemployment rose from 4.7% in November 2007 to peak at 10% in October 2009, before returning steadily to 4.7% in May 2016.[6] The total number of jobs did not return to November 2007 levels until May 2014.[

Great Recession in the United States - Wikipedia

Democrats did not cause the recession and Trump has not delivered us this economy. As you can see here, under Trump unemployment has dropped just 1 percent and we are in his 3rd year.

So it was toxic mortgages that was the big problem. Wonder who lent the money and who borrowed? Lol!

Wonder who it happened under...?

It started in the 80’s and culminated in 2008, many mistakes by government and many years to come to fruition. To blame it on one person or party is for simpleminded partisans. Someday you might smarten up, and see both parties for what they are. I personally think you aren’t smart enough, just by the way you cherry pick instead of looking at the big picture.

 

[Vandalshandle]

Why don’t Republicans care that Trump is a business failure?

What? You mean that you would not hire a financial consultant to handle your money who lost over 1 billion dollars in ten years, and is a pathological liar? What's wrong with you?

I would if he subsequently made billions.

And, you know that he is worth billions, how? Because he told you so? In spite of the fact that he has not released any financials, or tax returns? In spite of the fact that it has already been disclosed that he artificially inflated his net worth to get a loan from a Netherlands bank?

Tell you what Hadit. I am going to let you in on the ground floor of my new company. I have found a way to turn water into gasoline. You can be a 50% partner, for only $1,000,000 dollars.

You missed it, Vandal! Barack Obama and his clueless band of economic would have given you that money and more! All you would have had to do was tell him that you were a supporter and that your company was "GREEN" and they would have showered you with stimulus money, no questions asked!!!

Actually, that would have been much better than Trump showering me with bullshit every day, while prices of everything from China rises by more than double digits every year.

 

[Toddsterpatriot]

So a law passed in 1977 sat silently in hiding & then leaped & pounced in 2006 - 2008 & created the worst recession in 80 years.

Great thinking.

Studies show the the percent of failed CRA loans among all mortgage loans during the collapse was no different from the percent of all mortgages that were CRA.

So a law passed in 1977 sat silently in hiding & then leaped & pounced in 2006 - 2008 & created the worst recession in 80 years.

Nope. It was increased, stupidly, under Clinton.
Increased, again, stupidly, under GW Bush.
And don't get me started on HUD forcing Fannie and Freddie to buy crap mortgages.

More untrue bs.

CRA wasn't expanded under Clinton?
Wasn't expanded again under Bush?
HUD didn't force Fannie and Freddie to buy subprime mortgages?

So What? CRA had very little to do with Bush's financial meltdown. Even one of your fellow righties (hat tip to Papageorgio) tacitly posted...

Community Reinvestment Act of 1977 | Federal Reserve History

Following the financial crisis of 2007-08, some critics of the CRA argued it had contributed to the mortgage crisis by encouraging banks to make loans to riskier borrowers. There is some evidence that CRA lending standards were relaxed in the mid-1990s; however, the bulk of defaulted mortgages during the foreclosure crisis were originated between 2004 and 2007. In addition, many of those loans were issued by mortgage lenders not subject to the CRA. Overall, the available evidence suggests the CRA was not responsible for the subprime crisis (Haltom 2010).​

Exactly. Nor can we pin it on the small subprime mortgages purchased by freddie and fannie. It was the jumbo residential mortgages and equity lines and the commercial versions of same that chiefly crashed the portfolios' derivatives and then the global economy. Which, itself, was only one factor. Just as big a factor (if not the only real factor worth attacking) was our lax law and oversight. "Buyer beware" is fine, until it affects others besides the buyers.

Nor can we pin it on the small subprime mortgages purchased by freddie and fannie.

Why not? They held over $1 trillion in subprime mortgages by 2002.
By 2008, 70% of the subprime and low quality mortgages were in government hands.

 

[BWK]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

It isnt damning at all. Under Clinton, Bush and Obama, they lost over 16 Trillion dollars. President Trump inst even in the big leagues compared to them.

Clinton - Bill Clinton: Added $1.396 trillion, a 32 percent increase from the $4.4 trillion debt at the end of George H.W. Bush's last budget, FY 1993.

Bush - George W. Bush:President Bush added $5.849 trillion, the second-greatest dollar amount. It was the fourth-largest percentage increase. Bush increased the debt by 101 percent from where it started at $5.8 trillion on September 30, 2001. That's the end of FY 2001, which was President Clinton's last budget.​

Obama - Barack Obama: Under President Obama, the national debt grew the most dollar-wise. He added $8.588 trillion. This 74 percent increase was the fifth-largest. Obama's budgets included the economic stimulus package. It added $831Billion by cutting taxes, extending unemployment benefits , and funding public works projects.

​

You are very confused.

Not at all, those three liberals lost trillions of our dollars, while Donald J Trump lost a measly 1 billion dollars. Do you know the difference between 16 trillion and 1 billion?

16,000,000,000,000
…...….1,000,000,000

it is like 1 dollar to 16 thousand dollars. Big damn difference punk.

Obama debt was 80% at least averting another corrupt GOP depression and welfare and unemployment for the victims. And Trump just blew a trillion for nothing but a give away to the rich.

Yet Trump's economy is booming...fewer people are on assistance...and unemployment is at historic lows...none of which Barry EVER accomplished!

It's what Barry started. Thank you Obama!

 

[Uncensored2008]

Why don’t Republicans care that Trump is a business failure?

What? You mean that you would not hire a financial consultant to handle your money who lost over 1 billion dollars in ten years, and is a pathological liar? What's wrong with you?

I would if he subsequently made billions.

And, you know that he is worth billions, how? Because he told you so? In spite of the fact that he has not released any financials, or tax returns? In spite of the fact that it has already been disclosed that he artificially inflated his net worth to get a loan from a Netherlands bank?

Tell you what Hadit. I am going to let you in on the ground floor of my new company. I have found a way to turn water into gasoline. You can be a 50% partner, for only $1,000,000 dollars.

You missed it, Vandal! Barack Obama and his clueless band of economic would have given you that money and more! All you would have had to do was tell him that you were a supporter and that your company was "GREEN" and they would have showered you with stimulus money, no questions asked!!!

Actually, that would have been much better than Trump showering me with bullshit every day, while prices of everything from China rises by more than double digits every year.

Lie much, fuckwad?

United States Consumer Price Index (CPI) | 2019 | Data | Chart | Calendar

 

[BWK]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

You mean democrats BURGLARIZED the IRS to slander the president?

We need a special prosecutor to investigate this felonious act.

No, we mean Democrat oversight of a criminal in the WH. Which is their job.

 

[francoHFW]

Whatever. The Republicans and Trump have nothing to worry about. Barr told us all about it. LOL

You Stalinists have a LOT to worry about.

DOJ inspector general 'homing in on' FBI’s use of unverified Steele dossier

Promises promises. LOL Washington examiner LOL

 

[Uncensored2008]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

You mean democrats BURGLARIZED the IRS to slander the president?

We need a special prosecutor to investigate this felonious act.

No, we mean Democrat oversight of a criminal in the WH. Which is their job.

Fucking liar.

{ The investigation did not establish any agreement among Campaign officials
or between such officials and Russia-linked individuals to interfere with or obstruct a lawful
function of a government agency during the campaign or transition period. And, as discussed in
Volume 1, Section V.A, supra, the investigation did not identify evidence that any Campaign
official or associate knowingly and intentionally participated in the conspiracy to defraud that the
Office charged, namely, the active-measures conspiracy described in Volume 1, Section II, supra.
Accordingly, the Office did not charge any Campaign associate or other US. person with
conspiracy to defraud the United States based on the Russia-related contacts described in Section
IV above.}

 

[Faun]

The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve's failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels."[3]

According to the Department of Labor, roughly 8.7 million jobs (about 7%) were shed from February 2008 to February 2010, and real GDP contracted by 4.2% between Q4 2007 and Q2 2009, making the Great Recession the worst economic downturn since the Great Depression. The GDP bottom, or trough, was reached in the second quarter of 2009 (marking the technical end of the recession, defined as at least two consecutive quarters of declining GDP).[4] Real (inflation-adjusted) GDP did not regain its pre-crisis (Q4 2007) peak level until Q3 2011.[5] Unemployment rose from 4.7% in November 2007 to peak at 10% in October 2009, before returning steadily to 4.7% in May 2016.[6] The total number of jobs did not return to November 2007 levels until May 2014.[

Great Recession in the United States - Wikipedia

Democrats did not cause the recession and Trump has not delivered us this economy. As you can see here, under Trump unemployment has dropped just 1 percent and we are in his 3rd year.

So it was toxic mortgages that was the big problem. Wonder who lent the money and who borrowed? Lol!

Wonder who it happened under...?

It started in the 80’s and culminated in 2008, many mistakes by government and many years to come to fruition. To blame it on one person or party is for simpleminded partisans. Someday you might smarten up, and see both parties for what they are. I personally think you aren’t smart enough, just by the way you cherry pick instead of looking at the big picture.

And your own link points out it had nothing to do with Bush's financial collapse.

 

[BWK]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

You mean democrats BURGLARIZED the IRS to slander the president?

We need a special prosecutor to investigate this felonious act.

No, we mean Democrat oversight of a criminal in the WH. Which is their job.

Fucking liar.

{ The investigation did not establish any agreement among Campaign officials
or between such officials and Russia-linked individuals to interfere with or obstruct a lawful
function of a government agency during the campaign or transition period. And, as discussed in
Volume 1, Section V.A, supra, the investigation did not identify evidence that any Campaign
official or associate knowingly and intentionally participated in the conspiracy to defraud that the
Office charged, namely, the active-measures conspiracy described in Volume 1, Section II, supra.
Accordingly, the Office did not charge any Campaign associate or other US. person with
conspiracy to defraud the United States based on the Russia-related contacts described in Section
IV above.}

Who's saying anything about proving conspiracy? Collusion with Russia was proven and so was obstruction. Impeach this criminal bastard now.

 

[Clipper]

The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.

In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

Now we know, from a financial standpoint, just how irresponsible, reckless, and utterly clueless this guy is as a business owner, and we want him running the country?

Uh, no. No, thinking people don't.

Oh, poor Mr. Trump. He lost 1 billion and had only 7 more left. Irresponsible? Clueless? Take a good look at your post and then tell me who is clueless and irresponsible.

During the 80's & 90's numbnuts Trump could have made a fortune investing in Microsoft, Apple, IBM, etc. So what does the clown turn around & do? Opens shop selling steaks, vodka & buys casinos, running them into the ground. IBM, Apple, Microsoft worth billions with investors cleaning up. Trump Steaks, Trump Vodka? Not so much. HAHAHAHAHAHAHA!!!!

 

[Uncensored2008]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

You mean democrats BURGLARIZED the IRS to slander the president?

We need a special prosecutor to investigate this felonious act.

No, we mean Democrat oversight of a criminal in the WH. Which is their job.

Fucking liar.

{ The investigation did not establish any agreement among Campaign officials
or between such officials and Russia-linked individuals to interfere with or obstruct a lawful
function of a government agency during the campaign or transition period. And, as discussed in
Volume 1, Section V.A, supra, the investigation did not identify evidence that any Campaign
official or associate knowingly and intentionally participated in the conspiracy to defraud that the
Office charged, namely, the active-measures conspiracy described in Volume 1, Section II, supra.
Accordingly, the Office did not charge any Campaign associate or other US. person with
conspiracy to defraud the United States based on the Russia-related contacts described in Section
IV above.}

Who's saying anything about proving conspiracy? Collusion with Russia was proven and so was obstruction. Impeach this criminal bastard now.

Fucking liar.

{But collusion is not a specific offense or
theory of liability found in the US. Code; nor is it a term of art in federal criminal law. To the
contrary, even as defined in legal dictionaries, collusion is largely synonymous with conspiracy as
that crime is set forth in the general federal conspiracy statute, 18 U.S.C. 371. See Black ?3 Law
Dictionary 321. (10th ed. 2014) (collusion is agreement to defraud another or to do or obtain
something forbidden by law?); 1 Alexander Burrill, A Law Dictionary and Glossary 31 (1871)
(?An agreement between two or more persons to defraud another by the forms of law, or to employ
such forms as means of accomplishing some unlawful object?);}

 

[BWK]

The NYT got hold of “transcripts” from Trump’s tax returns from the late 80’s and early 90’s.

He lost a shit ton of money. A top money loser. One of America’s biggest losers.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

This is damning.

You mean democrats BURGLARIZED the IRS to slander the president?

We need a special prosecutor to investigate this felonious act.

No, we mean Democrat oversight of a criminal in the WH. Which is their job.

Fucking liar.

{ The investigation did not establish any agreement among Campaign officials
or between such officials and Russia-linked individuals to interfere with or obstruct a lawful
function of a government agency during the campaign or transition period. And, as discussed in
Volume 1, Section V.A, supra, the investigation did not identify evidence that any Campaign
official or associate knowingly and intentionally participated in the conspiracy to defraud that the
Office charged, namely, the active-measures conspiracy described in Volume 1, Section II, supra.
Accordingly, the Office did not charge any Campaign associate or other US. person with
conspiracy to defraud the United States based on the Russia-related contacts described in Section
IV above.}

Who's saying anything about proving conspiracy? Collusion with Russia was proven and so was obstruction. Impeach this criminal bastard now.

Fucking liar.

{But collusion is not a specific offense or
theory of liability found in the US. Code; nor is it a term of art in federal criminal law. To the
contrary, even as defined in legal dictionaries, collusion is largely synonymous with conspiracy as
that crime is set forth in the general federal conspiracy statute, 18 U.S.C. 371. See Black ?3 Law
Dictionary 321. (10th ed. 2014) (collusion is agreement to defraud another or to do or obtain
something forbidden by law?); 1 Alexander Burrill, A Law Dictionary and Glossary 31 (1871)
(?An agreement between two or more persons to defraud another by the forms of law, or to employ
such forms as means of accomplishing some unlawful object?);}

Collusion can be unethical, immoral, and wrong, absent a signed or agreed arrangement. When Trump and his cronies engaged in that activity, they were dishonest, liars, and surrendered the public's trust. They are not fit to be leaders, nor were they ever. They are nothing but frauds using the office for their own enrichment.

 

[BWK]

The numbers show that in 1985, Mr. Trump reported losses of $46.1 million from his core businesses — largely casinos, hotels and retail space in apartment buildings. They continued to lose money every year, totaling $1.17 billion in losses for the decade.

In fact, year after year, Mr. Trump appears to have lost more money than nearly any other individual American taxpayer, The Times found when it compared his results with detailed information the I.R.S. compiles on an annual sampling of high-income earners. His core business losses in 1990 and 1991 — more than $250 million each year — were more than double those of the nearest taxpayers in the I.R.S. information for those years.

Decade in the Red: Trump Tax Figures Show Over $1 Billion in Business Losses

Now we know, from a financial standpoint, just how irresponsible, reckless, and utterly clueless this guy is as a business owner, and we want him running the country?

Uh, no. No, thinking people don't.

Oh, poor Mr. Trump. He lost 1 billion and had only 7 more left. Irresponsible? Clueless? Take a good look at your post and then tell me who is clueless and irresponsible.

During the 80's & 90's numbnuts Trump could have made a fortune investing in Microsoft, Apple, IBM, etc. So what does the clown turn around & do? Opens shop selling steaks, vodka & buys casinos, running them into the ground. IBM, Apple, Microsoft worth billions with investors cleaning up. Trump Steaks, Trump Vodka? Not so much. HAHAHAHAHAHAHA!!!!

Trump was always a loser in the business world, and was nothing more than a con.

 

[francoHFW]

The U.S. Financial Crisis Inquiry Commission reported its findings in January 2011. It concluded that "the crisis was avoidable and was caused by: Widespread failures in financial regulation, including the Federal Reserve's failure to stem the tide of toxic mortgages; Dramatic breakdowns in corporate governance including too many financial firms acting recklessly and taking on too much risk; An explosive mix of excessive borrowing and risk by households and Wall Street that put the financial system on a collision course with crisis; Key policy makers ill prepared for the crisis, lacking a full understanding of the financial system they oversaw; and systemic breaches in accountability and ethics at all levels."[3]

According to the Department of Labor, roughly 8.7 million jobs (about 7%) were shed from February 2008 to February 2010, and real GDP contracted by 4.2% between Q4 2007 and Q2 2009, making the Great Recession the worst economic downturn since the Great Depression. The GDP bottom, or trough, was reached in the second quarter of 2009 (marking the technical end of the recession, defined as at least two consecutive quarters of declining GDP).[4] Real (inflation-adjusted) GDP did not regain its pre-crisis (Q4 2007) peak level until Q3 2011.[5] Unemployment rose from 4.7% in November 2007 to peak at 10% in October 2009, before returning steadily to 4.7% in May 2016.[6] The total number of jobs did not return to November 2007 levels until May 2014.[

Great Recession in the United States - Wikipedia

Democrats did not cause the recession and Trump has not delivered us this economy. As you can see here, under Trump unemployment has dropped just 1 percent and we are in his 3rd year.

So it was toxic mortgages that was the big problem. Wonder who lent the money and who borrowed? Lol!

Wonder who it happened under...?

It started in the 80’s and culminated in 2008, many mistakes by government and many years to come to fruition. To blame it on one person or party is for simpleminded partisans. Someday you might smarten up, and see both parties for what they are. I personally think you aren’t smart enough, just by the way you cherry pick instead of looking at the big picture.

Look at the graph, brainwashed functional moron. GOP deregulation and croney regulators lead to corrupt bubbles and busts every time they get 8 years. C 1929 1989 2008....